COPPER_ HGH17  #copperfutures

Weekly – Pressing up against weekly resistance. Trade pressures are up. Volumes are bullish.

Daily – Long. Very near the 2.61 sell stop. Trade pressures are down into the neutral area. Volumes have changed to bearish.

This copper trade seems to be a short dollar trade.

The long trade had a move up to the prior high of 2.72 and is now pulling back.

The Sell Stop remains 2.61.

 

GOLD_ GCJ17  #goldfutures

Weekly – Remains in the downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In a new move up from 1205. Trade pressures are up. Volumes are bullish.

Hourly overbot, so wait for some price improvement to go long.

The next target up is 1217, then the 1235.

The stop will be 1182.

 

SILVER_ SIH17  #silverfutures

Weekly – Continuing the rally inside the downtrend. Trade pressures are up, but becoming extended. Volumes remain bullish.

Daily – Flat.In the move up from 16.98. Trade pressures are now up. Volumes are bullish.

This is a retracement trade inside a long cycle move down; lacks “conviction”.

COPPER_ HGH17  #copperfutures

Weekly – Three bullish weeks. Trade pressures are up but diverging. Volumes are bullish.

Daily – Long. In the move up from the 2.61 long entry. Trade pressures are up and trending. Volumes have changed from bullish to neutral.

The next target up is 2.77. The swing high at 2.75 will offer resistance.

Stops are now raised to the entry level of 2.61 for a break-even.

 

GOLD_ GCJ17  #goldfutures

Weekly – This rally off the weekly downside target of 1132 has paused. Trade pressures are up. Volumes have changed to bearish. Still in the longer term downtrend.

Daily – Flat. The long trade was sold at the 1195 stop for a nice profit. Trade pressures are down into the neutral zone. Volumes are bearish.

A new short would be signaled with a close below the 1177 level.

A close above 1204 would signal a resumption of the long trade.

 

SILVER_ SIH17  #silverfutures

Weekly – Rallying inside the longer term downtrend. Trade pressure are up. Volumes are bullish.

Daily – Flat. In the move up from the 16.98 long entry. Trade pressures are down into the neutral zone. Volumes are bearish.

Volume never supported the long entry. Watch for the volume to turn bullish.

 

 

COPPER_ HGH17  #copperfutures

Weekly – The late 2016 highs are acting as resistance. Trade pressures are up but are showing some divergence. Volumes are bullish.

Daily – Long. In the long trade from 2.61. Trade pressures are up but turning down. Volumes have changed from neutral to bullish.

The next target up is 2.77 with resistance at 2.75.

Set stops at 2.47.

[1-24-17 Update: raise stops to 2.59.]

 

GOLD_ GCG17  #goldfutures

Weekly – In a rally inside the downtrend. Trade pressures have risen into the neutral zone. Volume remain bullish.

Daily – Long. In this long trade from the 1165 level. Trade pressures are up and trending. Volumes remain bullish.

The next target up is 1233. Take profits at this 1233 level as the weekly remains in the downtrend and the daily trade pressures are fully extended.

A close below 1174 would signal lower. Stops have been raised to the 1174 level.

[1-25-17 Update: raise the stops to 1195.]

 

SILVER_ SIH17  #silverfutures

Weekly – Also rallying in a downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. At the long entry of 16.99. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 17.45.

Stops are at the 16.47 25×5 moving average.

No trade , No momentum.

 

COPPER_ HGH17  #copperfutures

Weekly – Back at the top of the 2.70 channel with a breakout of the down-sloping trend line. Trade pressures are up but declining. Volumes have changed to bullish.

Daily – Flat. The 2.60 long entry has been triggered. Trade pressures are up. Volumes are bullish.

Wait for some price improvement to get long. The next target up is 2.85. The old high of 2.74 will act as resistance.

Set stops at 2.45.

A close below 2.45 would also signal lower.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the retracement move up from the 1132 low. Trade pressures are down but rising. Volumes have changed from neutral to bullish.

The 1082 downside target is still active.

Daily – Long. In the move up from the 1165 long entry. Trade pressures are up and getting extended. Volumes are still bullish.

The next target up is 1233.

Stops remain at the entry price of 1165.

[1-19-17 Update: Raise sell stops to 1174.]

 

SILVER_ SIH17  #silverfutures

Weekly – The retracement up has taken price up to the MACD crossover. Trade pressures are riding and in the neutral zone. Volumes have changed to bullish.

Daily – Flat. Price is pressing up against the long entry level of 16.93. Trade pressures are up. Volumes remain bullish.

The next target up is 18.93,

The stop would be 15.67.

COPPER_ HGH17  #copperfutures

Weekly – In the move up from the election day rally; consolidating between the 2.40 and 2.70 bounds. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the retracement down from the double top at 2.75. Trade pressures are down but rising. Volumes are mixed, bearish to neutral.

The next target down is 2.39.

Need a close above 2.60 to restart the move up.

 

Gold_ GCG17  #goldfutures

Weekly – Remains in the downtrend. Trade pressures are down but rising. Volumes have changed from bearish to neutral.

The next target down is 1082.

Daily – Long. The 1165 trade was triggered on the 4th of January. Trade pressure are up. Volumes are bullish.

The next target up is 1233. This is a long trade inside the weekly downtrend, so take profits at the this first target.

Stops are now at the 1165 entry level.

 

SILVER_ SIH17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down but rising. Volumes are bearish. The next weekly target down is 14.91

Daily – Flat. Still in the down move. Trade pressures are up. Volumes are bullish.

A close above 16.93 would signal higher.

COPPER_ HGH17  #copperfutures

Weekly – In a pullback from the weekly breakout at the election. Trade pressures are up but declining. Volumes are down and neutral.

Daily – Flat. In the move down from the short entry at 2.62. Trade pressures are down. Volumes are bearish.

The next target down is 2.41.

A close above 2.61 would signal higher.

 

GOLD_ GCG17  #goldfutures

Weekly – The retest of the 1129 downside target was successful. Trade pressures are down. Volumes are bearish.

Daily – Flat. The year end move up off the weekly target has approached the new long entry price of 1165. Trade pressures are up into the neutral zone. Volumes have changed to bullish.

The next target up is 1233.

If the long entry triggers, set the stop to 1124.

 

SILVER_ SIH17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. After consolidation at the 15,67 level, some accumulation seems evident. Trade pressures are down but rising. Volumes are now bullish.

The next target down remains at 14.91.

Some divergence is showing between the trade pressures and price. A close above 16.93 would signal higher.

COPPER_ HGH17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up but turning down. Volumes have changed from bullish to neutral.

Daily – Short. 10 days into the short trade from the 2.62 entry. Trade pressures are down. Volumes remain bearish.

The next target down is the 2.44 profit target.

Lower stops to the 2.52 level.

A close above the 2.61 level would signal higher.

[12-27-16 Update: Flat. The 2.4480 low was very close to the 2.44 profit target. Stopped out at the 2.52 level.]

 

GOLD_ GCG17  #goldfutures

Weekly – At the weekly downside target of 1129. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures are down and trending. Volumes remain bearish in light trading.

The next target down is 1082.

A close above 1165 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – 7 weeks into this downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at an old target of 15.69. Trade pressures are down. Volumes are bearish.

The next target down is 14.91.

A close above 16.93 would signal higher.

COPPER_ HCH17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily –  Short. The 2.62 short entry was triggered at 2.62 on the 13th. Trade pressures are down. Volumes are bearish.

The next target down is 2 . 41.

Set stops at 2.68.

[update 12-20-16: lower stops to the short entry price of 2.62.]

 

GOLD_ GCG17  #goldfutures

Weekly – Gold has met the 1129 weekly downside target. Trend is down. Trade pressures remain down. Volumes are also bearish.

Daily – Flat. Dropped thru the 1170 target signaling lower. Trade pressures are down and trending. Volumes are mixed bullish to bearish.

The next target down is 1082.

A close above 1165 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – Trend is down. Trade pressures are down.  Volumes are bearish.

Daily – Flat. Trend is down. Trade pressures are have moved down into the neutral zone. Volumes are mixed bullish to bearish and finishing the week as neutral.

The next target down is 14.91.

A close above 17.18 would signal higher. [Update 12-20-16: a close above 16.93 would signal higher.]

COPPER_ HGH17  #copperfutures

Weekly – Approaching the Spring of 2015 pivot high. Trade pressures are up and near the highs. Volumes have returned to Bullish.

Daily – Flat. Sitting on the 2.60 short entry trigger. No short entry yet. Trade pressures remain up, but declining. Volumes are mixed bearish to bullish.

The next target down is 2.41.

Stops will be at the 2.75 pivot high.

 

GOLD_ GCG17_  #goldfutures

Weekly – In the downtrend approaching the 1129 weekly target. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The consolidation at the 1170 downside target seems to be giving way to renewed downside pressures. Trade pressures are  down and trending. Volumes are bearish.

The next target down is the weekly 1129 target.

Need a close above 1200 to start a new move up.

 

SILVER_ SIH17  #silverfutures

Weekly – Still in the downtrend started five weeks ago. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 16.50 downside target has acted as support. Trade pressures have risen thru the neutral zone and are now up. Volumes are bullish.

Price has risen to the 25×5 moving average and was stopped there. A small pullback has ensued. A second leg up and thru the long entry price of 17.50 would signal higher. Watch the price action on the hourly.

If that fails the next target down is 14.91.

COPPER_ HGH17  #copperfutures

Weekly – A retest of the spike high of two weeks ago. Trade pressures are up and extended. Volumes remain neutral.

Daily – Flat. At the pivot point  of a entry up and a entry down. Trade pressures are up but declining. Volumes are mixed neutral to bullish.

The hourly is showing downward pressures.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the move down from 1326. The next weekly target down is 1129.  Trade pressures are down. Volumes remain bearish.

Daily – Flat. At the daily downside target of 1170. Trade pressures are down and extended. Volumes have changed to neutral.

The next target down is 1082. However, the weekly target is more likely.

A close above 1203 would signal higher.

 

SILVER_  SIH17  #silverfutures

Weekly – Third week into the new downtrend. Trade pressures are declining but still in the neutral zone. Volumes remain bearish.

Daily –  Flat. Consolidating at the 16.50 downside target. Trade pressures are down but turning up. Volumes are mixed neutral to bullish.

The next target down is 14.91.

A close above 17.49 could signal higher.